Mortgage Complaints Down 6 Percent from Last Year November 30, 2016 Thomas Ressler Despite the improvement in gripes filed, mortgage complaints are among the top three areas where consumers feel they are being taken advantage of…Read More
Lone Star Readies Another MBS Backed by New Nonprime Mortgages November 30, 2016 Brandon Ivey The mortgages were originated by Lone Star affiliate Caliber Home Loans, but also LendSure Mortgage and Sterling Bank & Trust.Read More
Incoming Treasury Chief Mnuchin: Resolving Fannie and Freddie a Top Priority. Share Prices Soar! November 30, 2016 Paul Muolo As IMFnews went to press Wednesday, Mnuchin said in a Fox TV interview that resolving Fannie and Freddie will be a top priority. Read More
GSE Single-Family Business Slumped in October, Credit Box Unchanged November 30, 2016 John Bancroft Expanding the credit box will be a major theme in the GSEs’ priorities for 2017, according to the FHFA.Read More
Short Takes: Trump Names HUD 'Landing Team' / Another Day and No Word from Doc Carson on the HUD Job / Trump ‘Landing Team’ Hits the Beach at the CFPB / Gather Intel and Advise / Resume Polishing Since Election Night? / Freddie Publishes eMortgage Vendor November 29, 2016 Paul Muolo Moreover, anyone close to Richard Cordray has likely been working on their resume since Tuesday night, Nov. 8…Read More
FCC Hangs Up on MBA’s Telephone Exemption Request November 29, 2016 Brandon Ivey The MBA said the calls would generally be from servicers to borrowers, seeking to determine the reasons and nature of a delinquency…Read More
Nation’s Largest Wholesaler UWM Removes ‘Escrow Waiver’ Fee November 29, 2016 Paul Muolo Some see the move by UWM as a way to be more competitive in a declining origination market…Read More
Mortgage Repurchases Rise Again, but there’s a Reason: BofA November 29, 2016 John Bancroft The banking industry still has a hefty $4.59 billion of reserves for future repurchase expenses… Read More
FirstKey, New Rez Out with Separate Nonprime MBS Deals Backed by Seasoned Loans November 29, 2016 Brandon Ivey In the FirstKey deal, the loans have seasoned for an average of 10 years…Read More
Trump May Mean Less Federal Enforcement, but the States Will Remain Aggressive November 29, 2016 Thomas Ressler A reason to worry: several federal consumer financial protection laws give direct enforcement authority to the states…Read More
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